Introducing Fasset Tag

Send money to a name, not an account number.

There is usually a conversation before you send someone money.

What’s your account number? Which bank are you with? Send me your IBAN. Is this the right wallet address? Can you send it again?

None of those questions are really about the person you are paying. They are about locating that person’s money inside a financial system.

Today, we’re introducing Fasset Tag, a unique name that people can use to find and pay you on Fasset.

If your Tag is @adil, another Fasset user can search @adil, make sure it’s you, and send.

No account details to exchange. No long address to copy. No need to know where the money sits before you can send it.

For something we do so often, we think it should have worked this way a long time ago.

The internet went through the same change.

Underneath every website is an IP address, but nobody types one into their browser. Your contacts app knows phone numbers so you don’t have to. Billions of people find each other online through names like @daniel, not internal account IDs.

The infrastructure never went away. Good products just stopped making people deal with it.

Money is still full of infrastructure showing through.

Account numbers, routing numbers, IBANs, wallet addresses, networks, institutions and rails all have a purpose. But most of the time, the person sending money should not need to think about them. You know who you want to pay. That should be enough.

This idea matters more as money becomes more global.

Someone can earn in one country, live in another, hold more than one currency and move value across systems that were never designed to work together. The financial world underneath the transaction is getting more complicated, not less.

Our job at Fasset is to absorb that complexity.

We are building Fasset so that people can move, hold, spend and invest their money without needing to understand every institution, network and piece of infrastructure underneath it. The rails still matter enormously. We just think they should increasingly become our problem instead of yours.

Fasset Tag is part of that work.

A Tag sits above the account details and addresses underneath it. You remember the person. Fasset handles the rest.

For now, it makes one of the most common things you can do on Fasset much simpler.

Choose your Tag.

Share @yourname.

Get paid.

Or type someone else’s Tag when you want to send them money.

That’s the product we’re launching today. But it points toward something larger that we have been thinking about for a long time.

Your identity for money should not have to change every time the infrastructure does.

You should not need one identity for a wallet, another for an account, another for a payment network and another because you crossed a border. The systems underneath money will keep changing. Ideally, the way people use money gets simpler because of it.

We think names can become part of that abstraction.

Fasset Tag begins inside Fasset, between people using Fasset. Over time, the idea we are building toward is simple: whoever you are paying, whatever you are moving, wherever either of you happens to be, the complexity should disappear behind the experience.

You should be able to start with a person.

Claim your Fasset Tag

Every Fasset Tag is unique.

There can only be one @adil. One @raafi. One @daniel. One @zarah One name belongs to one account.

Starting today, Fasset users can claim theirs in the app.

If you’re not in the app, join our invite-only list.

We’re opening Fasset Tag with a simple invitation:

Claim your name.